Biden wants to cut bank fees. He's overlooking a program that already does that. [MSNBC.com]
Mastercard Incorporated (MA)
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Source: MSNBC.com
Few things are ashatedSo it's no surprise that President Joe Biden hastargeted them and other hidden feesEarlier this year, his administrationproposed a rule$3.5 billion annuallyOverdraft fees don't just hurt people who have checking accounts. They are also one of the reasons many Americans don't put their money in banks at all.Overdraft fees don’t just hurt people who have checking accounts. They are also one reason many Americans don't put their money in banks at all. The administration’s proposed limit on bank fees is a good start to remedying this problem. But if Biden wants to do more to help those who can least afford unexpected bank fees, he could look at expanding an often-overlooked program that is already directly providing millions of people with access to banking with low fees.First, it's important to understand how significant bank fees are.For many lower-income families, unexpected fees are not just an annoyance but potentially a reason they might not be able to afford g
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MA
Earnings
- 5/1/24 - Beat
MA
Sec Filings
- 5/20/24 - Form 4
- 5/17/24 - Form 4
- 5/16/24 - Form 144
- MA's page on the SEC website